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Po Valley Energy Advances Italian Gas Production and Drilling Plans with Strong Cashflow

3:50am on Monday 2nd of June, 2025 AEST Energy
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Po Valley Energy Advances Italian Gas Production and Drilling Plans with Strong Cashflow

3:50am on Monday 2nd of June, 2025 AEST
Key Points
  • Steady average daily gas production of ~77,000 scm from Podere Maiar-1 in Q1 2025
  • Net revenue of €2.1 million and operating cashflow of €1.7 million for the quarter
  • Multi-well drilling applications and Environmental Impact Studies submitted for Selva Malvezzi prospects
  • Final authorisation received for 3D geophysical survey planned for late September 2025
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